Dole Food Company, Inc (NYSE:DOLE) is up almost 5% before the opening bell in response to an article in Barrons that claims the company stock is an investment opportunity after falling 26% on news of the sale of the company’s packaged foods and Asian food operations to Japanese company Itochu. According to the article, the sale proceeds could make Dole debt free and also release capital which could be returned to shareholders. What’s more, the company’s current valuation of 6.7 times 2013 EBITDA, which is in line with historical multiples relating to fruit companies, could fall to just four times if one accounted for the farmland owned by the company and valued at about $500 million.